TELUS Co. (NYSE:TU) Shares Purchased by Ossiam

Ossiam boosted its holdings in shares of TELUS Co. (NYSE:TU) (TSE:T) by 88.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,801 shares of the Wireless communications provider’s stock after purchasing an additional 127,498 shares during the period. Ossiam’s holdings in TELUS were worth $3,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TU. Versant Capital Management Inc lifted its holdings in shares of TELUS by 195,100.0% in the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 1,951 shares during the period. Avior Wealth Management LLC boosted its position in TELUS by 1,756.0% in the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 4,548 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of TELUS during the 4th quarter worth approximately $142,000. Triasima Portfolio Management inc. purchased a new position in shares of TELUS during the 4th quarter valued at approximately $146,000. Finally, Legal & General Group Plc purchased a new position in shares of TELUS during the 4th quarter valued at approximately $190,000. 49.40% of the stock is owned by hedge funds and other institutional investors.

TELUS Stock Performance

Shares of NYSE:TU opened at $15.00 on Friday. The business’s 50 day moving average price is $14.87 and its 200-day moving average price is $14.93. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The firm has a market capitalization of $22.70 billion, a PE ratio of 30.60, a P/E/G ratio of 5.18 and a beta of 0.70.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, equities research analysts expect that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th were issued a $0.2829 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.55%. TELUS’s dividend payout ratio is presently 226.53%.

Wall Street Analyst Weigh In

TU has been the subject of a number of recent analyst reports. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Bank of America lowered TELUS from a “buy” rating to a “neutral” rating in a research note on Friday, March 21st. Finally, Cormark lowered TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

TELUS Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.